Choral Arts Collective Inc

Analysis

Choral Arts Collective Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Choral Arts Collective Inc reported income of $176k and spending of $237k, spending 135% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $169k to $176k (+4.6%), an average of +4.6% a year. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Choral Arts Collective Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Lorin Station Inc ($176k), Ground Water Protection Research Foundation Inc ($176k) and Smoky Bears Quarterback Inc ($176k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $46k against liabilities of $13k, net assets of $33k.